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Immunovant Valuation Multiples
Discover revenue and EBITDA valuation multiples for Immunovant and similar public comparables like NewMarket, Caris Life Sciences, PTC Therapeutics, Celcuity and more.
Immunovant Overview
About Immunovant
Immunovant Inc is a clinical-stage immunology company dedicated to enabling normal lives for people with autoimmune diseases. Its focus is on developing IMVT-1402, a potential inhibitor of the neonatal fragment crystallizable receptor (FcRn), to address autoimmune diseases driven by high levels of pathogenic immunoglobulin G (IgG) antibodies. FcRn is involved in preventing the degradation of IgG antibodies, and inhibition of FcRn has been shown to reduce levels of total IgG and pathogenic IgG antibodies. The company operates in a single operating segment, which includes all activities related to the research, development and manufacturing of its product candidates.
Founded
2018
HQ

Employees
362
Website
Sectors
Financials (LTM)
EV
$5B
Immunovant Financials
Immunovant reported last 12-month revenue of — and negative EBITDA of ($489M).
In the same LTM period, Immunovant generated ($71K) in gross profit, ($489M) in EBITDA losses, and had net loss of ($477M).
Revenue (LTM)
Immunovant P&L
In the most recent fiscal year, Immunovant reported revenue of — and EBITDA of ($426M).
Immunovant expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Gross Profit | ($71K) | XXX | — | XXX | XXX | XXX |
| EBITDA | ($489M) | XXX | ($426M) | XXX | XXX | XXX |
| Net Profit | ($477M) | XXX | ($414M) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Immunovant Stock Performance
Immunovant has current market cap of $6B, and enterprise value of $5B.
Market Cap Evolution
Immunovant's stock price is $29.30.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $6B | 7.1% | XXX | XXX | XXX | $-2.03 |
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Immunovant trades at (10.7x) EV/EBITDA.
EV / Revenue (LTM)
Immunovant Financial Valuation Multiples
As of April 18, 2026, Immunovant has market cap of $6B and EV of $5B.
Equity research analysts estimate Immunovant's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Immunovant has a P/E ratio of (12.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/EBITDA | (10.7x) | XXX | (12.3x) | XXX | XXX | XXX |
| EV/EBIT | (10.6x) | XXX | (12.1x) | XXX | XXX | XXX |
| EV/Gross Profit | (73941.2x) | XXX | — | XXX | XXX | XXX |
| P/E | (12.5x) | XXX | (14.4x) | XXX | XXX | XXX |
| EV/FCF | (12.8x) | XXX | (13.9x) | XXX | XXX | XXX |
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Verified Immunovant Valuation Multiples
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Immunovant Margins & Growth Rates
Immunovant's revenue in the last fiscal year grew by —.
Immunovant's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $1.2M for the same period.
Immunovant Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA Growth | 5% | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
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Immunovant Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Immunovant | XXX | XXX | XXX | XXX | XXX | XXX |
| NewMarket | XXX | XXX | XXX | XXX | XXX | XXX |
| Caris Life Sciences | XXX | XXX | XXX | XXX | XXX | XXX |
| PTC Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Celcuity | XXX | XXX | XXX | XXX | XXX | XXX |
| Kolon TissueGene | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Immunovant M&A Activity
Immunovant acquired XXX companies to date.
Last acquisition by Immunovant was on XXXXXXXX, XXXXX. Immunovant acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Immunovant
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialImmunovant Investment Activity
Immunovant invested in XXX companies to date.
Immunovant made its latest investment on XXXXXXXX, XXXXX. Immunovant invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Immunovant
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Immunovant
| When was Immunovant founded? | Immunovant was founded in 2018. |
| Where is Immunovant headquartered? | Immunovant is headquartered in United States. |
| How many employees does Immunovant have? | As of today, Immunovant has over 362 employees. |
| Who is the CEO of Immunovant? | Immunovant's CEO is Eric Venker. |
| Is Immunovant publicly listed? | Yes, Immunovant is a public company listed on Nasdaq. |
| What is the stock symbol of Immunovant? | Immunovant trades under IMVT ticker. |
| When did Immunovant go public? | Immunovant went public in 2019. |
| Who are competitors of Immunovant? | Immunovant main competitors are NewMarket, Caris Life Sciences, PTC Therapeutics, Celcuity. |
| What is the current market cap of Immunovant? | Immunovant's current market cap is $6B. |
| Is Immunovant profitable? | No, Immunovant is not profitable. |
| What is the current EBITDA of Immunovant? | Immunovant has negative EBITDA and is not profitable. |
| What is the current EV/EBITDA multiple of Immunovant? | Current EBITDA multiple of Immunovant is (10.7x). |
| What is the current FCF of Immunovant? | Immunovant's last 12 months FCF is ($410M). |
| What is the current EV/FCF multiple of Immunovant? | Current FCF multiple of Immunovant is (12.8x). |
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